Hercules (LON:HERC) Records Strong Revenue Growth as HS2 Drives Expansion and Utility Sector Entry

Highlights

• Hercules PLC (LON:HERC) posts record revenues driven by HS2 project momentum

• Company expands into electrical utilities through Advantage NRG acquisition

• Broader growth seen as demand for skilled infrastructure labour rises

Operating in the infrastructure labour supply space, Hercules PLC (LON:HERC), listed on the FTSE AIM UK 50 INDEX, continues to solidify its market presence amid growing momentum across key national infrastructure projects. The company offers technology-enabled labour supply solutions and services to prominent contractors in the UK’s construction and infrastructure sector.

Founded more than a decade ago, the company has become a trusted delivery partner to a number of major players in the sector. Its consistent involvement in nationally significant projects has supported consistent growth in activity and revenue generation. Among its blue-chip client base are names such as Balfour Beatty, Kier, Skanska, Costain, and Volker Fitzpatrick.

HS2 Development Continues to Drive Revenue Performance

Hercules Site Services has reported a surge in revenues, attributed largely to its involvement in the HS2 high-speed rail project. The company’s role in this multi-year infrastructure development has scaled up as work advances into peak construction phases. The nature of its agile service delivery model, backed by digital-first systems, has supported rapid deployment of skilled labour to meet the growing workforce requirements on site.

As one of the approved labour suppliers to HS2, Hercules has benefited from strong project continuity and increased demand for flexible workforce solutions. The infrastructure scale-up aligns with national commitments to modernise transport networks, which has kept Hercules actively engaged across multiple segments of construction and civil engineering.

Expansion into Utilities Sector via Advantage NRG Acquisition

In a strategic move to diversify its service capabilities, Hercules recently completed the acquisition of Advantage NRG Ltd, a specialist in overhead power line construction and maintenance. The Lancashire-based contractor brings a team of experienced linesmen and a solid customer base of leading UK utility providers into the Hercules fold.

The acquisition supports Hercules’ entrance into the electricity transmission and distribution space, marking a significant step beyond transport infrastructure. The company paid a mix of immediate and deferred consideration for the acquisition, with additional performance-based components included in the total valuation. The acquired entity delivered notable performance in its most recent reporting period, underlining the attractiveness of the transaction for long-term business expansion.

CEO Outlines Ambitions Beyond Core Projects

Company leadership has previously outlined intentions to build upon its infrastructure credentials by entering adjacent sectors where skilled labour is in demand. The entry into the utilities segment via Advantage NRG follows that vision, as Hercules looks to leverage its existing digital systems and workforce networks across broader utility and energy markets.

Its integrated approach—covering recruitment, training, digital systems, and on-site services—positions it to address the evolving demands of contractors engaged in utility-scale works. The shift not only diversifies revenue streams but also reflects wider sector dynamics, where infrastructure and energy investments continue to accelerate.

Strong Foundations in Place for Continued Sectoral Engagement

Hercules’ business model, underpinned by scalable technology platforms and strong client relationships, supports its ongoing role in delivering manpower solutions to some of the UK’s largest infrastructure projects. Its active participation in the HS2 project, along with entry into the utility sector through the Advantage NRG acquisition, adds further momentum to its current trajectory.

As infrastructure upgrades and energy transition initiatives progress across the country, Hercules PLC remains engaged across multiple workstreams, supported by its digital-first approach and commitment to high standards in workforce supply and service delivery.